§ 8113. Statute of frauds inapplicable. A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the contract or modification is not capable of performance within one year of its making.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 81 - Short Title and General Matters
Section 8101 - Short title of division
Section 8104 - Acquisition of security or financial asset or interest therein
Section 8105 - Notice of adverse claim
Section 8107 - Whether indorsement, instruction or entitlement order is effective
Section 8108 - Warranties in direct holding
Section 8109 - Warranties in indirect holding
Section 8110 - Applicability; choice of law
Section 8111 - Clearing corporation rules
Section 8112 - Creditor's legal process
Section 8113 - Statute of frauds inapplicable
Section 8114 - Evidentiary rules concerning certificated securities
Section 8115 - Securities intermediary and others not liable to adverse claimant
Section 8116 - Securities intermediary as purchaser for value